Livingstone’s Business Services and Debt Advisory teams have advised The Gap Partnership Group (“TGP”) on securing a one-stop funding solution from Pricoa Capital Group.
Founded in 1997, TGP is recognised internationally as the leading provider of negotiation behavioural change development programmes and client-specific negotiation consulting services. TGP has a global presence served by four regional hubs in the UK, USA, Germany and Hong Kong, working with over 500 of the world’s largest blue-chip corporations.
The funding package from Pricoa has provided shareholder liquidity, whilst also enabling an ownership transition, putting greater ownership in the hands of the extended leadership group who will drive the business forward.
Steve Gates, Founder and CEO at TGP, said: “We are delighted to have attracted funding from Pricoa, which is part of the global investment management business of Prudential Financial Inc. Their approach to providing a single, long-term bespoke solution to meet our capital requirements will allow TGP to fulfil the next stage of its growth trajectory, enabling management to maintain control and incentivising the team towards our objectives. The partnership and relationship with Pricoa is strong and we are excited about their participation in our future journey.
“We would like to thank Livingstone for their hands-on guidance and support throughout the process – their expertise and experience, as well as their in-depth understanding of TGP and our culture, meant they were able to add real value across every aspect of the deal as they guided us towards the successful conclusion of a transaction that we are all delighted with.”
Simon Cope-Thompson, Partner at Livingstone, added: “Through its unrivalled global position and its long term partnership relationships with its clients, TGP has already built a highly differentiated and scalable position. With Pricoa’s support we are confident that the team will go on to achieve great things.”
Bill Troup, Managing Director, Debt Advisory at Livingstone added: >“This was a complex transaction and we are delighted to have secured a package of funding that meets the requirements of all the stakeholders.”
This is the sixth deal completed by Livingstone London’s Business Services team in the last six months: Up Group’s investment from Livingbridge; Panther Logistics’ buy-out backed by LDC; the Global Reach Partners buy-out backed by Inflexion; the acquisition of Quadron Services by idverde; the sale of Westway to ABM; and the sale of Tessella to Altran.
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- “We would like to thank Livingstone for their hands-on guidance and support throughout the process – their expertise and experience, as well as their in-depth understanding of TGP and our culture, meant they were able to add real value across every aspect of the deal as they guided us towards the successful conclusion of a transaction that we are all delighted with.”Steve Gates, Founder and CEO, The Gap Partnership